Friday, August 31, 2018

Penalty for ITC Claim: GST Dept’s Insensitive Move to Affect Kerala Traders after Flood [Read Letter]

In a major setback to the flood-affected business community in Kerala, the GST department may send notice to the manufactures, stockists, retailers and shopkeepers if they have claimed input tax credit under goods and services tax, and have to cough up penalties and interest on that. A directive issued by the indirect tax department or […]

The post Penalty for ITC Claim: GST Dept’s Insensitive Move to Affect Kerala Traders after Flood [Read Letter] appeared first on Taxscan | Simplifying Tax Laws.



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